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INSURANCE SOLVENCY FRAMEWORK
IRDAI plans to put risk management at industry core to align with global bestIRDAI is working towards implementing major regulatory changes over the next 18-24 months, including a risk-based capital framework and Ind...
National Insurance aims to boost solvency with RBC regimeThe state-owned insurer is grappling with a solvency shortfall of ₹8,000 crore, with its solvency margin dropping to negative 0.49%, far be...
National Insurance Company picks out assets to sell amid poor solvencyNational Insurance Company faces an ₹8,000 crore solvency shortfall, with a negative 0.49% solvency margin against the regulatory minimum o...
IRDAI moves towards risk-based capital regimeAimed at transitioning from the existing solvency-based model to the Risk-Based Capital framework, IRDAI has introduced a 'Technical Guidan...
'Insurance for all' pivots on 3 As, says IRDAI Chief Debasish Panda"We are also working with the councils of both life and general insurance to have a UPI-like moment for the insurance sector. A conceptual ...
IRDAI approves changes in capital, ownership, solvency of insurance companiesThe Insurance Regulatory and Development Authority of India (IRDAI) has also approved a proposal to permit Private Equity (PE) funds to inv...
Small entrepenuers can now tap insurance companies for sureties"To reduce indirect cost for suppliers and work-contractors, the use of surety bonds as a substitute for bank guarantee will be made accept...
DHFL bankruptcy: Irdai rules out troubles for two insurance arms; asks insurers to write off exposureDHFL Pramerica Life, launched in 2008, is a joint venture between DHFL Investments, a wholly-owned arm of DHFL, and Prudential Internationa...
Irdai to hire consultant to implement RBC regimeThe decision to move to the RBC norms from the current solvency principle regime has been taken after recommendations of a panel, which gav...
Irda may ask PE companies for 12-year lock-inTerming it as a huge policy decision, the official added that insurance needs commitment of capital flow to support business growth in the ...
Irdai terminates actuary's membership for NIC wrongdoingsThe penal action came after the regulator found wrongdoings by actuary Manalur Sandilya in preparing the balance sheet of NIC for the 2015-...
Insurance regulator IRDA panel to look into health products, other issuesHealth insurance is one of the fastest growing segment in last few years with premium of nearly Rs 17,500 crore as on March 2014.
- The economic capital approach in life insurance
The existing solvency framework in India is based on the factors related to mathematical reserves and sum at risk, specified for different ...
- Insurers will soon have an easier solvency mandate
India’s life insurers are set to see more financial stability in their business, with insurance regulator IRDA set to link the amount of ca...
- Indian life insurance industry insulated
Any country integrated into the global economy through trade as well as capital flows cannot remain completely immune to the current global...
- New model for insurers to reduce policy holders' risk
Risk-based capital model gives a clear picture of the financial strength of the insurer and also allows for timely regulatory intervention.
- Set insurance capital norms on global standard
The Indian insurance industry will see a lot of its capital freed if domestic guidelines on capital requirement are brought in line with th...